• Analytics
  • News and Tools
  • Market News
  • NZD/USD: To be bullish or to be bearish, that is the question – ANZ
Market News
22.05.2020, 08:21

NZD/USD: To be bullish or to be bearish, that is the question – ANZ

FXStreet reports that NZD/USD has taken a breather, and remains a slave to equities and risk appetite in general. The kiwi trades at 0.6105, after shrugging off Retail Sales data, and the 0.6170 resistance should cap the pair, according to analysts at ANZ Bank.

“There are as many reasons to be bullish (we have beaten COVID-19, commodity prices are holding up, risk appetite has bounded back quickly) as there are to be bearish (tourism was a big piece of the economy and it’s now gone, our yields are lower than the US and Australia’s, negative rates may be coming, risk sentiment could sour at any time), which makes the outlook tricky.” 

“Support 0.5850 Resistance 0.6170”

© 2000-2020. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location